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Dec 29, 2012
12/12
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does fall off this fiscal cliff, even if only for a few days? >> if we have learned anything the last few years, it is how connected this economy is. the european crisis has the image of the world economy. the sub from prices in 2008 -- the morgage crisis in 2008 damaged the world economy. it would affect everyone who exports to the united states. this is the last thing the world needs now, given the uneven economic recovery from the crisis the last few years. >> pakistan's taliban later appeared in a video calling for talks with the government. the group is not prepared to lay down its weapons before negotiations begin. >> he is the most wanted man in pakistan. the u.s. government has a five million-dollar bounty on his head. he has not been seen for nearly a year. his message is clear. >> we have never refused negotiations. we believe in all talks that are serious. if the dialogue is frivolous and they ask us to lay down our arms, this is not serious dialogue. >> the video, handed to the reuters news agency, was shot somewhere in north waziris
does fall off this fiscal cliff, even if only for a few days? >> if we have learned anything the last few years, it is how connected this economy is. the european crisis has the image of the world economy. the sub from prices in 2008 -- the morgage crisis in 2008 damaged the world economy. it would affect everyone who exports to the united states. this is the last thing the world needs now, given the uneven economic recovery from the crisis the last few years. >> pakistan's taliban...
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. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive th economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it somehow or else it's no fun; right?in what's the point in doing it. >> bring it on, melis,ring it on. do lissa: there's many times in the past where we've loweredn mortgagal rates and increased revenue.es if i were to conceive it's a revenue problem, it -- which i'm not going to, but for the sake of argument, under for kennedy, reduced the top re from 90% to 70%, in and in that time, revenue into the treasury went up from $94 billion to $15n billion by lowering the marginal rate. right there, there's your guy. look at him. >> you kno we can look at that, but, remember, that was i the 1960s #. the problems we have today are a t
. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive th economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it somehow or else it's no...
WHUT (Howard University Television)
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Dec 31, 2012
12/12
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WHUT
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it will not fully offset the fiscal cliff, but will mean the drag from the government sector on the economy into thousand 13 will not be -- in 2013 will not be as recessionary threatening. >> is down so dramatic, falling off the fiscal cliff. is it as bad as that? what it is in a four-year since. 3% to 4% of gdp will be pulled out of the economy a reduction in government spending, increased taxes. the u.s. economy has been struggling to grow about 2% or higher over the past or since the recession. you should take 2.5% and you get - 1, and that is recession. the issue is, there does need to be fiscal retraction in the west wing of the state and federal government debt, -- in 25 year'' time, we estimate a change. it will be something like 200 or three under% of gdp, which will be totally unsustainable for any government. the problem is, what the politicians not able to agree on this issue, it is going to be very difficult to agree on the serious long-term issue. >> what does it mean for the global economy? >> u.s. economy is important to the global economy. we don't think there'll be a u.s. r
it will not fully offset the fiscal cliff, but will mean the drag from the government sector on the economy into thousand 13 will not be -- in 2013 will not be as recessionary threatening. >> is down so dramatic, falling off the fiscal cliff. is it as bad as that? what it is in a four-year since. 3% to 4% of gdp will be pulled out of the economy a reduction in government spending, increased taxes. the u.s. economy has been struggling to grow about 2% or higher over the past or since the...
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Dec 26, 2012
12/12
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economy. >>> still ahead on "worldwide exchange," fiscal cliff fiasco. president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exch
economy. >>> still ahead on "worldwide exchange," fiscal cliff fiasco. president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide...
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Dec 28, 2012
12/12
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thank you very much anne miletti. >> susie: the fiscal cliff isn't the only deadline threatening the u.s. economy. dockworkers at some of the nation's biggest ports could walk off the job this weekend, if a new labor deal isn't reached. as allison worrell reports, a strike could ripple far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different locations, handling different types of cargo, they all agree, a strike would be very bad for business. >> it's really important for the people in our country to recognize, in this state, that a strike combined with the ongoing negotiations between congress and president obama regarding, um, the so-called fiscal cliff could be a one, two combination knock out for nation's economy. >> if a strike does happen that means a big chunk of the more than 14,000 members of the international longshoresmen association will be off the job. >> reporter: the ports impacted generate an estimated $11 billion in state and
thank you very much anne miletti. >> susie: the fiscal cliff isn't the only deadline threatening the u.s. economy. dockworkers at some of the nation's biggest ports could walk off the job this weekend, if a new labor deal isn't reached. as allison worrell reports, a strike could ripple far beyond the ports. >> reporter: if a deal isn't reached by 12:01 a.m. sunday, union dock-workers will take to the picket-line. 15 ports span the east and gulf coasts. and while they're in different...
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Dec 27, 2012
12/12
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a lot of smart people argue how quickly the fiscal cliff will damage the economy. we'll talk more in the show about what the timetable will be. here's what you need to know. the treasury department said on monday they need to begin taking action to keep us from breaking through the debt ceiling. they can buy us two months with the tricks they have up their sleeve. if we waste that time, we get to the debt ceiling and we haven't climbed back up the fiscal cliff and the republicans begin playing games with the debt ceiling, that would be fiscal suicide. we breakthrough the debt ceiling, we're talking depression. not a quick recession. it would be the single stupidest and most damaging act of sabotage in american history. and it cannot be allowed to happen. and here, hopefully to tell me why it will not happen is alice, who probably knows more about the budget and the budget deals than probably anybody else alive. she's appointed to president obama's national commission on fiscal responsibility and reform. and she's currently a senior fellow at the brookings instituti
a lot of smart people argue how quickly the fiscal cliff will damage the economy. we'll talk more in the show about what the timetable will be. here's what you need to know. the treasury department said on monday they need to begin taking action to keep us from breaking through the debt ceiling. they can buy us two months with the tricks they have up their sleeve. if we waste that time, we get to the debt ceiling and we haven't climbed back up the fiscal cliff and the republicans begin playing...
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Dec 30, 2012
12/12
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WJLA
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that fiscal cliff and its potential impact on our economy brought lawmakers from both uses to washington for last-minute negotiations. concerns about the cliff spooked investors, the holiday shortened trading week was lighter in volume but higher in volatility. the worst decline of the month on thursday after a disappointing read on consumer confident and some public statements by congressional leaders. and yet with one final trading day to go, all the major averages were still showing positive performance for the year of 2012. meantime, the u.s. is set to reach the debt limit on monday. that according to treasury secretary tim geithner in a letter to congress, though, he did say he expects to take what he called extraordinary measures to extend the government's borrowing ability for another two months or so. and even your cup coffee, once a deal on the fiscal cliff. baristas at the 120 starbucks in washington, d.c. were encouraged by management to add a shot of partisanship to their drink orders and r remind customers i our nation's capital to come together. >> wall street is typically
that fiscal cliff and its potential impact on our economy brought lawmakers from both uses to washington for last-minute negotiations. concerns about the cliff spooked investors, the holiday shortened trading week was lighter in volume but higher in volatility. the worst decline of the month on thursday after a disappointing read on consumer confident and some public statements by congressional leaders. and yet with one final trading day to go, all the major averages were still showing positive...
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Dec 28, 2012
12/12
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economy going over the fiscal cliff. the president will meet with congressional leaders at the whiteout at about 3:00 p.m. eastern. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. spending majority leader says harry reid says prospects for monday are unlikely. senate majority leader believes there is still time for an agreement to be reached. >> republicans aren't about to sign a blank just just because we find ourselves at the edge of the cliff. that wouldn't be fair to the american people. >> alistair newton joins us here as a new reuters poll shows americans blame republicans more than democrats or president obama for the fiscal crisis. 27% cited the gop is responsible. 16% blaming the president, 6% pointing to the democrats while 31% said they would blame all of the above for going over the cliff. alistair newton, you've seen the attitu
economy going over the fiscal cliff. the president will meet with congressional leaders at the whiteout at about 3:00 p.m. eastern. speaker john boehner has called the house back into session sunday evening. house majority leader eric cantor is telling members to be prepared to work through january 2nd. both sides are still far apart on taxes and spending cuts. spending majority leader says harry reid says prospects for monday are unlikely. senate majority leader believes there is still time...
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Dec 27, 2012
12/12
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and the fiscal cliff? >> i think overall it was more probably 70 to 80% factors beyond the retailer's control. i think retailers had creative merchandise but i think the news didn't lead to a feel good factor. >> in any economy, good or bad, you always have some winners. who did really well this year? >> well, it looks like in terms of who did well so far, companies like american eagle outfitters limited, michael cors, macy's' tj and i would say costco was also a winner. >> on the flip side were there retailers that you had high hopes for going into the season but just didn't deliver in the end. >> certainly we will see some becoming more promotion al, some of the children's retailers, whether it was impacted by weather or there was competitive price and they did a good job at it, the children's retailers seemed to have a tougher season this year. >> now is the time of year when we shift into gift card sales. what most people don't realize is those sales get counted until the cards are redeemed. is that en
and the fiscal cliff? >> i think overall it was more probably 70 to 80% factors beyond the retailer's control. i think retailers had creative merchandise but i think the news didn't lead to a feel good factor. >> in any economy, good or bad, you always have some winners. who did really well this year? >> well, it looks like in terms of who did well so far, companies like american eagle outfitters limited, michael cors, macy's' tj and i would say costco was also a winner....
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Dec 26, 2012
12/12
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FBC
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we may or may not go over the fiscal cliff but regardless the economy is stalled and taxes are going up. there is certainty but not just great certainty. >> as a family-owned business after 91 years of being in business we know there's a business cycle. what we need to continue to advocate for as job creators is the virtue of free enterprise. we need to stand up for the principles that are going to allow u to provide our people employment and create prosperity and we have to be able to do that in a unified way because even though the forecast can look bleak at different times we have an incredibly resilient economy and great job creators out there who just given the chance will make a big difference. that is what we have to continue working on. melissa: but, jim, aren't you afraid of being punished either by the public or by the government for speaking out at this point? i mean i have talked privately to people on wall street who have said, you know, they feel like they get pistol-whipped when they say anything against the administration. that it comes back to bite them. so at this p
we may or may not go over the fiscal cliff but regardless the economy is stalled and taxes are going up. there is certainty but not just great certainty. >> as a family-owned business after 91 years of being in business we know there's a business cycle. what we need to continue to advocate for as job creators is the virtue of free enterprise. we need to stand up for the principles that are going to allow u to provide our people employment and create prosperity and we have to be able to do...
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fiscal cliff is just more drama more theater it doesn't really focus on the true underlying problem that we're going to see more of this going forward in two thousand and thirteen. tension from the mob with their pitch forks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day of reckoning the twenty third it's comic. max keiser that was not too happy about it the e.u. is also celebrating yet with all of. you and hear what the coming. to america's main political event the presidential election it was a tight race with runners neck and neck until barack obama convincingly beat his republican rival mitt romney well that competition overshadowed some third party candidates will have to struggle to get their voices heard what is going to. go to the white house. there were cheers of relief here when he won i would say because the alternative was thought to be so much worse many voted out of fear that romney could win for them he was another george w. bush so whether americans have fallen out of love with obama
fiscal cliff is just more drama more theater it doesn't really focus on the true underlying problem that we're going to see more of this going forward in two thousand and thirteen. tension from the mob with their pitch forks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day of reckoning the twenty third it's comic. max keiser that was not too happy about it the e.u. is also celebrating yet with all of. you and...
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this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs what they're pitchforks and torches are coming after these people they want to just delay that day of reckoning for as many months as they can but that day's reckoning in twenty eight it's coming. well there was one common new year wish among europeans their leaders might ease up on the cuts. all the government's listening well the truth is the government can't afford to listen. one of our economic contributors says countries are still heading down the wrong path explains why shortly. in a tough twelve months for the world's top whistleblower joining the sun spent half of twenty twelve under house arrest and they remained in the ecuadorian embassy in london correspondent sara firth has been following his ups and downs through the year a lot of you say we did more in a year old media organizations decades we've really had a front of everything that's
this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs what they're pitchforks and torches are coming after these people they want to just delay that day of reckoning for as many months as they can but that day's reckoning in twenty eight it's coming. well there was one common new year wish among europeans their...
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Dec 27, 2012
12/12
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two, i think there's a lot of apprehension about the future of our economy because of the fiscal cliff. and three, people are very good about waiting for those bargains. >> reporter: some are still waiting tonight. they're on the look out for the best after christmas sales. >>> those lackluster holiday sales and jitters over the fiscal cliff brought stocks down today. the dow dropped 24 points. >>> the fiscal cliff is weighing on the minds of consumers. coming up in 16 minutes, why political insiders believe washington will allow the country to go over the cliff before making a deal. >>> san francisco police are asking the public to take a closer look at three shoplifting suspects. investigators say on december 20. three women went into two stores near san francisco. the women put goods in their own bags and walked out of the stores, and apparently handed off the goods. >> we believe these women may have been involved in other burglary thefts of retail stores throughout the bay area. >> police arrested sharony powers on suspicion of shoplifting. >>> alameda police are investigating a s
two, i think there's a lot of apprehension about the future of our economy because of the fiscal cliff. and three, people are very good about waiting for those bargains. >> reporter: some are still waiting tonight. they're on the look out for the best after christmas sales. >>> those lackluster holiday sales and jitters over the fiscal cliff brought stocks down today. the dow dropped 24 points. >>> the fiscal cliff is weighing on the minds of consumers. coming up in 16...
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this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs what they're pitchforks and torches there are coming after these people they want to just delay that day of reckoning first many months if they can but that day's reckoning in twenty thirteen it's comic. because it was one cold when you wish among europeans that their leaders might ease up on the cuts. all of the government's listening while the truth is the government's counterforce to listen to. one of our economic contributors says countries a still head of the wrong tells us why surely. it's been a tough twelve months for the world's top and his son spent spending half of it under house arrest the remainder an ecuadorian embassy in london a correspondent sort of following his ups and downs through the. a lot of you say wiki leaks in jail is like that more in a year ot than most media organizations have done in decades we've really had a front se
this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs what they're pitchforks and torches there are coming after these people they want to just delay that day of reckoning first many months if they can but that day's reckoning in twenty thirteen it's comic. because it was one cold when you wish among europeans...
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jail the fiscal cliff is just more theater bankers and politicians trying to distract people from the underlying root catastrophe that is a bunch of bankers who are manipulating the system day in and day out destroying the economy this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and their torches are coming after these people they want to just delay that day of reckoning for as many months as they can but that day's reckoning twenty eight it's coming. my mother was one comin knew you wish mom europeans that their leaders might look. all the government's listening well the truth is the government's come to afford to listen to one of our economic contributors of the year says countries still heading down the wrong path . it's been a tough twelve months for the world's top in the sun spent twenty twelve and house arrest in the remainder of the ecuadorian embassy in london a corre
jail the fiscal cliff is just more theater bankers and politicians trying to distract people from the underlying root catastrophe that is a bunch of bankers who are manipulating the system day in and day out destroying the economy this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and...
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this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day's reckoning in twenty thirteen it's comic and well there was one coldly new year with the europeans that their leaders might ease up on that. all governments listening well the truth is the government's accompt afford to lose some of our economic contributors says countries are still heading down the wrong policy he tells his wife. but a tough twelve months for the world's top whistleblower julian assange spent hoffa twenty twelve under house arrest in the remainder of the ecuadorian embassy in london our correspondent has been following his ups and downs throughout the last twelve months. a lot of you say weekly did more in a year would see the most media organizations have done decades we've
this fiscal cliff is just more drama more theater and it doesn't really focus on the true underlying problems and we're going to see more of this going forward in two thousand and thirteen anything good bye flecked attention from the mobs with their pitchforks and their torches were coming after these people they want to just delay that day of reckoning for many months if they can but that day's reckoning in twenty thirteen it's comic and well there was one coldly new year with the europeans...
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Dec 28, 2012
12/12
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FBC
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make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would take years and years of problems and the only way to surmount that in my view is to have strict single term limits for all politicians because the moment the politicians place their reelection and their career ahead of their party in the country, we want to reverse, we want the country to come first and that is the only way they can do it. the tea party has been very effective in targeting tax you see being argued now in congress and the house. with the republican party, the wrong target. the tea party in my view should be targeting single term limits for all politicians. dennis: even if selfless members of congress voted for a single term limits don't you worry that they wouud be a bunch of amateurs and only basically getting their ea legs by the end of
make your case. >> i think the fiscal cliff is damaging to the economy and american prestige, it is merely a side issue to the entitlement cliff that was engineered and constructed by the career politicians from both parties and the only way to stop it and fiscal cliff is bad enough, imagined getting rid of the entitlement cliff. it would take years and years of problems and the only way to surmount that in my view is to have strict single term limits for all politicians because the...
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Dec 24, 2012
12/12
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CNNW
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the big worries about the fiscal cliff and how that's going to affect the economy as a whole. you look at oil prices and they have barely moved since late october. oil prices are between $85 to $90 a barrel since late october. and when oil prices stabilize for a longer time, as they have been, it gives gas prices a better chance to stabilize as well. but you look at it broadly, though, the gas prices are not falling for the the right reason. we could go back into a recession and it's those concerns for a downturn in the economy that are actually pushing prices lower. >> all right. alison kosik, live from the new york stock exchange. thank you as always. >>> the head of the national rifle association says to call him crazy for proposing more guns in schools. the nra's ceo wayne lapierre insists a ban on assault weapons won't prevent mass killings, which he blames on violent video games and the media. he says armed guns eed guards are the best way to prevent tragedies. >> if it's crazy to call for putting police and armed security in our school to protect our children, then call
the big worries about the fiscal cliff and how that's going to affect the economy as a whole. you look at oil prices and they have barely moved since late october. oil prices are between $85 to $90 a barrel since late october. and when oil prices stabilize for a longer time, as they have been, it gives gas prices a better chance to stabilize as well. but you look at it broadly, though, the gas prices are not falling for the the right reason. we could go back into a recession and it's those...
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Dec 31, 2012
12/12
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gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain in plain english some of the more complicated financial issues. the big issue today, the fiscal cliff. and you may be asking yourself, why is this so important? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a look at these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending i
gerri: coming up next, the fiscal cliff into plain english or maybe just simple arithmetic. at the bottom of the york, what should investors expect? will the fiscal ) as of them? don't go away. ♪ >> my new year's resolution is to keep going with my personal trainer. ♪ gerri: up next, some of those trillion dollar figures into perspective. the spending problem if it were your household budget. next. gerri: there is a reason we call this segment back of the envelope. we try to explain...
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economy from crashing over the fiscal cliff. but in any way this whole operation. in the forest to work with. nothing in the. world. economy we're seeing right now again with twenty seven million people unemployed and missing boy you have forty nine point seven million people that we poverty you have tens of millions of people going to read minds to get their food so this question of the physical tommy in the well for the population is not good at all for nothing it's going to be resolved and we're going to get aggressively to change the whole twenty fifth i'm sure that with legal separation of the banks and now we need some of the there are these where this bill is passed today or tomorrow obama is live we nothing good we people with. and now let's take a look at how two thousand and twelve on the whole unfolded for america last year was a success for barack obama who secured his second u.s. presidency a washington correspondent says he not only succeeded in snatching victory from arch rival mitt romney but also votes from the third party candidates as well. there
economy from crashing over the fiscal cliff. but in any way this whole operation. in the forest to work with. nothing in the. world. economy we're seeing right now again with twenty seven million people unemployed and missing boy you have forty nine point seven million people that we poverty you have tens of millions of people going to read minds to get their food so this question of the physical tommy in the well for the population is not good at all for nothing it's going to be resolved and...
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Dec 27, 2012
12/12
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FBC
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>> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over against the impact. in terms of lack of investment and in terms of businesses closing their doors and remaining sidelined still for quarters going into 2013. adam: well, lindsey, you again are an economist. which is worse, the spending cut from the sequestration or the tax increase? which hits us, 310 million of us are american citizens. which hits us worse? >> well generally when we talk about the difference between spending cuts or tax increases you have to think of taxes as having 1 1/2 times the impact because what that does, there is a trickle down, in fact. we pull out the dollars from investment that would otherwise go to growing businesses investing in equipment, capital and additional employees. right now that is the biggest impact we're not seeing businesses expand and absorbing out that additional l
>> i think it is undeniable the economy falls into recession if we do go over the fiscal cliff. even chairman bernanke was very clear on this point telling everyone if the economy goes over the fiscal cliff even the fed itself does not have you have enough tools to go over against the impact. in terms of lack of investment and in terms of businesses closing their doors and remaining sidelined still for quarters going into 2013. adam: well, lindsey, you again are an economist. which is...
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economy holding on for its your life depending on the fiscal cliff outcome. rich edson on capitol hill with the latest on if there will be a vote and the vice president getting involved once again. what is the latest? >> he will arrive sometime this evening because there are a number of senate democrats have issue with the framework between vice president joe biden, the senator himself and senate minority leader mitch mcconnell. the framework of that, the tax portion is a done deal exempting income of $400,000 for individuals, $450,000 for married couples, families from a tax increase. it also puts the capital gains tax keeping it consistent to me to those rates for income above that capital gains tax goes to 20%. presley patches the minimum tax ensuring live we as americans dt have to pay the estate tax goes to 40% on all mounts of $5 million a one-year extension of long-term unemployment benefits as part of this. also what is known as the medicare doctors getting a pay cut every so often, congress goes back and fills it in, this involves that as well. >> is
economy holding on for its your life depending on the fiscal cliff outcome. rich edson on capitol hill with the latest on if there will be a vote and the vice president getting involved once again. what is the latest? >> he will arrive sometime this evening because there are a number of senate democrats have issue with the framework between vice president joe biden, the senator himself and senate minority leader mitch mcconnell. the framework of that, the tax portion is a done deal...
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Dec 28, 2012
12/12
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a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses ithe final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow was down only 18 points, bouncing back from a triple digit loss, the nasdaq lost four, and the s&p slipped almost two points. so what happens next? and can lawmakers prevent an economic crisis by agreeing on a fiscal cliff deal? darren gersh reports. >> reporter: here is a measure of how bad things are now in washington. markets rallied on news the house will come back to work on sunday, even though there is no solution ready for lawmakers when they return. and in the senate, which is back at work, republican leader mitch mcconnell warned he would not write a blank check to the white ho
a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry reid predicted the economy would go over the cliff. speaking from the senate floor he said there's not enough time between now and the end of the year to reach a deal. but stocks erased their losses ithe final hour of trading on news that the house of representatives will reconvene on sunday night to resume talks. by the closing bell, the dow was...
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Dec 24, 2012
12/12
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but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low 40s. a very active weather week coming up. i'll have your seven-day forecast in about five minutes. right now over to liz with a look at timesaver traffic. >>> good morning. the commute very much the same as the weather apparently. 270 montrose all quiet, cleared out. might see shopping traffic as the day goes on with the last- minute shoppers. otherwise so far so good. on the virginia ride, 395 at duke street, everything moves right along there. no problems on 95 coming in towards the mixing bowl either. that's a look at your timesaver traffic. now back to andrea. >
but the fiscal cliff could send the economy into a tailspin. it appears to already be affecting consumer spending and some of the country's most beloved snacks could soon return to store shelves. 9news returns in two minutes. >>> 4:40 on this monday morning. christmas eve. quiet right now. really no real problems i think till we get more toward late this afternoon into when rain may develop mixed in with sleet and snow. the roads staying mainly wet with high temperatures in the low...
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Dec 28, 2012
12/12
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. >> economist worried if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch to the u.s. economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in 2002. back to you. >> doug: phil keating in miami. the so-called milk cliff that would also kick in to effect the lawmakers can't avoid the fiscal cliff they be averted now. hill source tells fox news and the senate agriculture leaders working on a year long extension of all farm programs. the source noted that the truman era law is so old it would take weeks to implement. even if the old law expires don't expect immediate spike if milk prices. >>> congress is still working to find agreement on the $60.4 billion emergency spending bill for hurricane sandy victims. some conservatives want the government
. >> economist worried if we do go off the fiscal cliff, it's now averted strike would have combined for a deadly one-two punch to the u.s. economy. now the overall deal is at 100% signed off on by februar february 6, then we are right back to where we were this morning and again the national retail federation and the florida governor rick scott will be urging president obama to prevent a strike invoking the tap partly act and something not done since president george w. bush did it in...
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Dec 28, 2012
12/12
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LINKTV
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economy moves rapidly toward falling off the fiscal cliff, president obama is about to give a final push. negotiating with congressional leaders from both political parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's previous offers and the morse -- most senior democrat in the house, nancy pelosi. what is the cliff and can be avoided? >> the house of representatives will be going back into session sunday but at this point we do not know what kind of measure they have before them that they can consider for a vote. there has been no indication from the white house or the republican leadership that they are anywhere near any kind of makings of a deal that they could present to the house republican leadership -- or the house republican rank-and-file who so far have been adamantly opposed to tax increases at any level o
economy moves rapidly toward falling off the fiscal cliff, president obama is about to give a final push. negotiating with congressional leaders from both political parties. from the democrat-controlled senate, top democrat harry reid, and the top republican mitch mcconnell. senator reid says there is no time to reach a deal. mr. mcconnell says he is more optimistic. then from the republican controlled house of representatives, the top republican john boehner has rejected president obama's...
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also gave his full cost on how the financial winds will blow in twenty eight thirty the fiscal cliff just more theater. for manipulating the system. trying the economy. grow more theater it doesn't really focus on the true underlying problem that we're going to see more of this. tension. and. they want to just delay that for many months if they can but that day of reckoning . it's. one of the. not too happy about it the e.u. is also celebrating with. twenty twelve new. to america's main political event the presidential election and it was a close race with the runners neck and neck until convincingly beat his republican rival mitt romney but the competition overshadowed some third party candidates who were left struggling to get their voices. on the road to the white house. there were cheers of relief here when he won i would say because the alternative was thought to be so much worse many voted out of fear that romney could win for them he was another george w. bush so whether americans have fallen out of love with obama the two thousand and eight euphoria was gone that's for sure b
also gave his full cost on how the financial winds will blow in twenty eight thirty the fiscal cliff just more theater. for manipulating the system. trying the economy. grow more theater it doesn't really focus on the true underlying problem that we're going to see more of this. tension. and. they want to just delay that for many months if they can but that day of reckoning . it's. one of the. not too happy about it the e.u. is also celebrating with. twenty twelve new. to america's main...
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Dec 30, 2012
12/12
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WRC
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, and it has been building for months now the talk of the fiscal cliff. how optimistic are you about the economy and the business climate out there? how patient do we need to be in the recovery? >> i think as we all know there are lots of corporations in the country that are flushed with cash, and they are hoarding it and not investing in folks and innovation, and they are concerned about where we stand from a regular hrau tolaw tore perspective. i would hope that the white house, the senate, the congress would be able to come together, republicans and democrats to layout a more strategic vision for the future. and we need to simplify the tax code and make it fairer. we need to make sure that government spending is brought under control, and not in a corrosive way or an abusive way, but in a way that makes sense we we can demonstrate so we are serious about controlling our deficit. we have a trillion dollars worth of deficit over year, and we need to sustain that. we know the wealthy will have to pay more and the poor will have to have fewer benefits and
, and it has been building for months now the talk of the fiscal cliff. how optimistic are you about the economy and the business climate out there? how patient do we need to be in the recovery? >> i think as we all know there are lots of corporations in the country that are flushed with cash, and they are hoarding it and not investing in folks and innovation, and they are concerned about where we stand from a regular hrau tolaw tore perspective. i would hope that the white house, the...
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the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon jailed sunday publisher of the trans journal i think. some of you like what you see so far go to our you tube channel i youtube dot com. well. this month high tech means good help whether it be the latest laser cutters or lifesaving heartfelt russian innovators are working hard to keep you healthy for some companies it's been a winding road from car simulators to cutting edge streaming systems for others it's been a lifetime the work of locking the mysteries of the skull chikatilo on technology we've got the future. please please. please. please. cut cut cut. cut cut cut . so guys you hear me talk about the corporate media on this show every single day i criticize the mainstream press because what they do is a service for focus of what should be important to average human beings as substituted by ational isn't censorship and lies twenty four hours a day seven days a week and now that we're literally days away from two thousand and thirteen it's im
the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon jailed sunday publisher of the trans journal i think. some of you like what you see so far go to our you tube channel i youtube dot com. well. this month high tech means good help whether it be the latest laser cutters or lifesaving heartfelt russian innovators are working hard to keep you healthy for some companies it's been a winding road from car...
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Dec 27, 2012
12/12
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FOXNEWSW
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if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial dollars. $500,000 to $1 million pays $34,000 more. they want $215,000 on top of what you pay in taxes. >> the wealth manager says the money you have left as far as businesses also deal with their own tax hikes. >> you are going to see less money in your paycheck. >> the government has to bite the bullet with $1.2 trillion in spending cuts. more than half of that is to the defense budget. >> they say families may need austerity calculation before making big purchases. look at the money you have and the money you need in the future to decide if you need the next big picture. doug? >> doug: thank you, molly. residents of
if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,000 and $50,000 pay extra $1700. >> if you manage to make over $200,000, it will be a big jump up. you will need to send a check to uncle sam for $14,000 initial...
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the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. so if you like what you see so far go to our you tube channel youtube dot com slash break in on that and drive check out our facebook page at facebook dot com plus breaking the set there one about what i'm doing when i'm not on air follow me on twitter at abby martin so stay tuned to hear about the top news stories i think the mainstream media missed this past year. if. it is easy to view it is easy to. see feel. such. claim. i am playing i've got a. player. playing. it'll be. a it. so guys you hear me talk about the corporate media on this show every single day i criticize the mainstream press because what they do is a disservice focus of what should be important to average human beings as substituted by ational ism censorship and lies twenty four hours a day seven days a week and now that we're literally days away from two thousand and thirteen it's important look back to some of the most under reported
the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. so if you like what you see so far go to our you tube channel youtube dot com slash break in on that and drive check out our facebook page at facebook dot com plus breaking the set there one about what i'm doing when i'm not on air follow me on twitter at abby martin so stay tuned to hear about the top news stories...
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the fiscal cliff all that stuff want to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to our you tube channel i youtube dot com slash brag about that and drive check out our facebook page at facebook dot com plus ready to set your one about what i'm doing when i'm not on or follow me on twitter at abby martin so stay tuned to hear about the top news stories i think that mainstream media missed this past year or. download the official publication to your cell phone choose your language stream quality and enjoy your favorites from alzheimer's if you're away from your television well it just doesn't do so now with your mobile device you can watch on t.v. anytime anywhere. wealthy british style sun. that's not on the typewriter the free. market why not. come to find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune into kinds a report. you know sometimes you see a story and it
the fiscal cliff all that stuff want to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to our you tube channel i youtube dot com slash brag about that and drive check out our facebook page at facebook dot com plus ready to set your one about what i'm doing when i'm not on or follow me on twitter at abby martin so stay tuned to hear about the top news stories i think...
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Dec 30, 2012
12/12
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FOXNEWSW
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there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will require adjustments in the spending habits of folk who is make between $25,000 and $100,000 a year. i would point out that this is no reason to give the president everything he wants and pass that bill that he proposes because if the republicans do that, they lose all their leverage. i have news for most people. if we dont curb our spending, everybody's going to have to pay the higher taxes in the end because things are flying out of ceil. >
there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off...
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Dec 31, 2012
12/12
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if we go over the fiscal cliff, the risk to the economy is strong. there is it to families is real. it is as if politicians are playing tug of war. as soon as we get through the fiscal cliff -- the hope is we would replace the fiscal cliff with real policies that would keep us from going over it. now looks as though we're not going to be able to do anything to tackle the challenges right now. the partisan environment is getting worse and worse. that leaves us with questions about whether these guys can govern. host: front page of "the new york times." let me read a few points. "more difficult to reach a compromise." guest: that is absolutely true. i feel we're watching a game of finger-pointing and not much else. both sides are pointing fingers and shouting it is the other guy's fault. what if any other business environment worked this way instead of solving the problems and working together? the toxic environment calls into question when we of challenges or other important issues -- can the american political system step up and deal with it? the answer is not very well. we feel sad
if we go over the fiscal cliff, the risk to the economy is strong. there is it to families is real. it is as if politicians are playing tug of war. as soon as we get through the fiscal cliff -- the hope is we would replace the fiscal cliff with real policies that would keep us from going over it. now looks as though we're not going to be able to do anything to tackle the challenges right now. the partisan environment is getting worse and worse. that leaves us with questions about whether these...
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the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to or you can channel i youtube dot com slash break in on that and scribe check out our facebook page at facebook dot com bust ready to set your one about what i'm doing when i'm not on or follow me on twitter at abby martin so stay tuned to hear about the top news stories i think the mainstream media missed this past year. the been issued free cretaceous free in-store charges free arrangement free risk free. types free. download free broadcast quality video for your media projects a free media dog our teeth on tom. you know sometimes you see a story and it seems so for like sleep you think you understand it and then you glimpse something else and you hear or see some other part of it and realize everything you thought you knew you don't know i'm tom harvey welcome to the big picture. so if you hear me talk about the corporate media on this show every single day i c
the fiscal cliff all that stuff will have to get you back on again soon have an awesome next year new year's eve and we'll talk to you soon publisher of the trends journal thank you. some of you like what you say so far go to or you can channel i youtube dot com slash break in on that and scribe check out our facebook page at facebook dot com bust ready to set your one about what i'm doing when i'm not on or follow me on twitter at abby martin so stay tuned to hear about the top news stories i...
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is any indicator stocks have been falling for a fifth straight day on friday they called it a fiscal cliff slide other markets are reaching signals of certainty coming from the u.s. oil prices have soared in the asian markets ahead of a last minute effort in washington to read. deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a self-fulfilling prophecy. a gun a chicken reporting there and while congress has trouble sorting out a deal to prevent americans slipping into a tax black hole some agreements just seem to breeze on through as charlie mcgrath from wide awake news explains what can the united states of america this is where we govern by crisis we don't have representatives in washington d.c. we have political prostitutes that will go before a camera and say that anything that they have to say is you keep this massive government rolling and you can make social interest influence in washington d.c. or that when t
is any indicator stocks have been falling for a fifth straight day on friday they called it a fiscal cliff slide other markets are reaching signals of certainty coming from the u.s. oil prices have soared in the asian markets ahead of a last minute effort in washington to read. deal on fiscal cliff that's what you read in the news so this whole charade in washington could have implications on many levels and the fiscal cliff which some call a product of u.s. lawmakers imagination could become a...